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Gambling is good for us (at least economically)

By Guy Bentley, Washington Examiner

August 31, 2017 at 4:27 pm

Americans may have bet more than $100 million on the most-anticipated fight of the year between Floyd Mayweather and Conor McGregor. But anyone who decided to take some action outside of Nevada was probably doing so illegally, although many may not have known they were doing so.

More than 60 percent of Americans cannot accurately identify whether sports betting is legal in their state.

Instead of betting legally through a trustworthy and tax-paying business, many players wager with offshore websites domiciled overseas with little to no accountability or security.

Every major sporting event and the surge of betting that accompanies it serves to highlight the absurd state of America’s outdated and counterproductive prohibition on sports betting.